The construction market in South and Central America is forecasted by GlobalData to grow by 1.6% in real terms in 2023, having grown by 4.0% in 2022. A key growth market will be the infrastructure market, with output rising by 2.5% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are South and Central America’s five largest manufacturing plant construction projects that were initiated in Q2 2023, according to GlobalData’s construction projects database.
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1. Ramos Arizpe Vehicle Plant Renovation
The project involves the renovation of a car assembly plant in Ramos Arizpe, Coahuila, Mexico.
Construction work started in Q2 2023 and is expected to be completed in Q4 2024.
The objective of the project is to convert the complex into an electric vehicle manufacturing site.
2. Electric Motors and Electronic Circuits Manufacturing Plant
The project involves the construction of electric vehicle parts manufacturing plant in Parque Industrial WTC 2 in Villa de Reyes, San Luis Potosí, Mexico.
Construction work commenced in Q2 2023 and is expected to finish in Q1 2025.
The objective of the project is to manufacture of electric motors, power electronic components and electronic circuits for electric vehicles.
3. Ramos Arizpe Refrigerator Manufacturing Facility
The project involves the construction of a refrigerator manufacturing facilities on a 34,000m2 area in Ramos Arizpe, Coahuila, Mexico.
Construction work started in Q2 2023 and is forecast to complete in Q4 2024.
The objective of the project is to consolidate its presence in the market as a relevant player in the household appliances sector. Buy the profile here.
4. Chuy Maria Air Conditioning Systems Manufacturing Plant
The project involves the construction of an air conditioning systems manufacturing Plant on a 7.5ha site area in Chuy María Industrial Park, Ramos Arizpe, Coahuila, Mexico.
Construction work commenced in Q2 2023 and is expected to be completed in Q1 2024.
The objective of the project is to manufacture air conditioning equipment for companies from different types of industries.
5. Salinas Victoria Automation Manufacturing Plant
The project involves the construction of a manufacturing plant in Interpuerto Monterrey Industrial Park, Salinas Victoria, Nuevo Leon, Mexico.
Construction work started in Q2 2023 and is expected to be completed in Q3 2025.
The objective of the project is to offer automation solutions to sectors such as the automotive, mining, pharmaceutical and electronic sectors. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
